REVENUE ANTICIPATION BORROWING (2025) BYLAW NO. 10632

The proposed Revenue Anticipation Borrowing (2025) Bylaw No. I 0632 does not automatically result in any borrowing upon adoption. The purpose of maintaining these credit facilities is to ensure that they will be available in the event that funds are required to meet short-term operational cash flow needs. Should any of these credit facilities be utilized resulting in the City incurring interest charges for a consecutive period of more than two weeks, staff will prepare a memo to infonn Council of such financial activity.

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